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Join the Securities Litigation and Enforcement Group on LinkedInOverseas Traders Face Charges for Hacking SEC’s Public Filings Site – WSJ
Mr. Clayton added that the SEC has worked to enhance its cybersecurity defenses in the wake of the hack, turning to other government agencies and outside consultants to “bolster our cybersecurity defenses and reduce our cyber risk profile.” The fallout from the hack has changed the SEC’s approach to cybersecurity both for the SEC itself […]
Russian, Ukrainian defendants among those charged with hacking SEC system in trading scheme – The Washington Post
There has long been disagreement within the SEC and by legal scholars about whether the agency has the authority to pursue these types of charges, said John Reed Stark, who worked for the SEC’s enforcement division for nearly 20 years and founded its former Office of Internet Enforcement. The defendants could argue that they are […]
Statement on EDGAR Hacking Enforcement Action
This action illustrates that the SEC faces many of the same cybersecurity threats that confront exchange-listed companies, other SEC-registered entities and market participants of all types. These threats to our marketplace are significant and ongoing and often involve threats from actors outside our borders. No system can be entirely safe from a cyber intrusion. Here at the SEC, […]
U.S. charges hacker, traders for infiltrating SEC database
Authorities said Oleksandr Ieremenko, 27, of Kiev, and others working with him obtained thousands of “test filings,” including roughly 157 earnings announcements, by hacking into Edgar through a Lithuanian server, and then sharing them with a network of traders. According to the SEC, these traders, comprising eight individuals and companies in the United States, Russia […]
The Person At the PCAOB Who Auditors Feared the Most Is Now Their Friend – Going Concern
Modesti, who was the PCAOB’s first director of enforcement and investigations, has landed at Akin Gump as a partner in the firm’s white-collar defense and government investigations practice in Washington, DC. This is a big-time hire for Akin Gump. Not only did Modesti have a distinguished career at the PCAOB, where he brought the hammer […]